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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $207.59
- 3 Days on Market
- MLS # : 210000230
- Updated Date : 01/08/2021 at 22:46
CONSTRUCTION
- Beds : 4
- Floor Size : 1,951 sqft
- Baths : 3 full , 1 half
Listing Agent
Coldwell Banker Select Reno
Listing Agent's Description
Amazing opportunity!! ***INVESTOR ALERT*** one of the most desirable units in a secure, gated community! This property consists of a 3 bed 2.5 bath primary residence that is perfect for a family. The open downstairs rooms are big and inviting for entertaining and family time. The kitchen is finished in granite and feature a large eat-in kitchen and breakfast bar. Upstairs you will find the Master Bedroom with a large walk-in closet and a dual sink vanity. The secondary rooms are large, bright and airy!
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PRICE & RENT TRENDS
Neighborhood: The Foothills at Wingfield Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Foothills at Wingfield Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,990 |
| EXPENSES | Loan Payment | -$1,407 |
| Property Tax | -$774 | |
| Property Insurance | -$69 | |
| HOA | -$119 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$497
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$405,000
PROJECTED PRICE
$1,990
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.04% |
| Appreciation Year (1-5) | 8.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.52% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$113,075
LOAN DETAILS
$1,407
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $101,250 |
| Loan Amount | $303,750 |
0.25
YEARS SAVED
$87
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,990
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,995
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
3843 Dominus Dr Sparks, NV 4
- 4 beds 4 baths ∙ 1,951 Sqft ∙ Built 2006 4 beds 4 baths ∙ 1,951 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,990
- $1.02
-
7300 S Florentine Drive Sparks, NV 1
- 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1997
LEASED 07/14/20- Rent
- Rent Per SQFT
- $1,795
- $1.01
-
7068 Sacred Circle Sparks, NV 2
- 3 beds 3 baths ∙ 1,761 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,761 Sqft ∙ Built 2008
LEASED 09/11/19- Rent
- Rent Per SQFT
- $1,800
- $1.02
-
7490 Ambush Cir Sparks, NV 3
- 3 beds 3 baths ∙ 1,914 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,914 Sqft ∙ Built 1998
LEASED 12/14/20- Rent
- Rent Per SQFT
- $1,895
- $0.99
-
6730 Cinnamon Sparks, NV 5
- 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 1997
LEASED 06/02/20- Rent
- Rent Per SQFT
- $2,100
- $1.07
PROPERTY LISTING DETAILS
Coldwell Banker Select Reno
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210000230
Last Updated: 01/08/2021
